Tag: energy

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Waberer's to buy nearly 100 million litres of fuel from Hungary's Mol

December 15, 2017, 3:35 pm
Waberer’s International, one of Europe’s biggest haulage and logistics companies, and Hungarian fuels group Mol have extended their decade-long co-operation by two years. The deal for nearly... 

Hungary MVM signs deal for HUF 200 bn revolving loan facility

December 15, 2017, 1:26 pm
The Hungarian Electricity Works (MVM) has signed an agreement on Friday for a 200 billion revolving loan facility with a consortium comprising 12 domestic and international banks. The credit facility... 

Hungary's 'Team Mészáros' buys Mátra Power Plant

December 14, 2017, 2:37 pm
Hungary’s Opus Global Plc. and Czech EPH will be acquiring an indirect holding in the Mátra Power Plant, the country’s second-largest power plant after the Paks NPP, Opus Global has announced... 

Mol-INA case: a solution may be closer, as Zagreb sets out to hire advisers

December 14, 2017, 10:41 am
Croatia is laying the groundwork for its plan to buy back shares in Croatian energy company INA from Hungarian fuels group Mol, inviting bids from potential advisers, Croatia’s Prime Minister announced... 

Ally of Hungarian PM eyes stake in country's 2nd largest power plant

December 14, 2017, 9:14 am
Czech Energeticky Prumyslovy Holding a.s. (EPH) has teamed up with a company held by Lőrinc Mészáros, Prime Minister Viktor Orbán’s billionaire ally, to buy up Hungary’s Mátra Power Plant from... 

Hungary Mol to raise price of diesel on Friday

December 13, 2017, 4:27 pm
Hungarian fuels group Mol is to raise the wholesale list price of diesel by HUF 2 per litre as of Friday, while it will keep the price of diesel unchanged. The hike will take the average price of diesel... 

Hungary Mol to launch carsharing services in early 2018

December 13, 2017, 11:53 am
Hungarian oil and gas group Mol is to launch its new carsharing service in Budapest in early 2018. Mol’s fleet will consist of 300 Volkswagen Up models, 100 of which will be electric and the other... 

Hungary's Mol seeking to exit UK North Sea - sources

December 6, 2017, 11:51 am
Hungarian oil and gas group Mol is seeking to exit the UK North Sea four years after entering the basin as a drop in oil prices has put margins under pressure, Reuters cited banking sources as saying on... 

Hungary to build solar plant next to nuclear power station in Paks

December 5, 2017, 12:28 pm
The Hungarian government has changed the location of a major photovoltaic project. Ironically, the PV project to be subsidised with over 3 billion forints will be hosted by the country’s “nuclear"... 

Hungary eyes to buy oil and LNG from Nigeria

November 30, 2017, 11:11 am
The Hungarian government has indicated interest to purchase crude oil and liquefied natural gas (LNG) from Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Thursday. Gábor Ternák... 

It's only fair if Croatia gets INA back, Hungarian Premier Orbán says

November 28, 2017, 2:00 pm
Hungary is ready to make a fair deal so as to close as soon as possible the dispute poisoning the historically good relationship between Hungary and Croatia over the role of Mol in Croatian energy company... 

Hungary Mol reveals details of share option agreement with ING

November 24, 2017, 3:41 pm
Hungary Mol reveals details of share option agreement with ING Hungarian oil and gas group Mol has announced the details of a share option deal concluded with ING Bank on 23 November 2017. The options... 

Hungary's Mol lowers price of gasoline

November 24, 2017, 8:10 am
Hungarian fuels group Mol has lowered the wholesale list price of 95-octane gasoline by HUF 2 per litre while it has kept the price of diesel unchanged as of Friday. The cut has taken the average price... 

S&P upgrades Hungary's Mol over strong performance, fair conditions

November 16, 2017, 9:01 am
Standard & Poor’s has &P upgraded Hungarian oil and gas group Mol’s long-term credit rating to BBB- investment grade with stable outlook. The upgrade is primarily based on the improvement... 

Hungary's Mol signs new share option deal with UniCredit

November 15, 2017, 9:50 am
Hungarian fuels group Mol has announced on Tuesday that based on the agreement concluded with UniCredit Bank AG, the option rights regarding over 29 million Mol shares under a share option deal signed... 

Hungary Mol raises motor fuel prices again

November 15, 2017, 8:19 am
Hungarian fuels group Mol has raised the wholesale list price of 95-octane gasoline by HUF 3 per litre and the price of diesel by 4 forint per litre as of Wednesday. The hike has taken the average price... 

This is how you micromanage in the Hungarian economy

November 14, 2017, 11:13 am
Let’s pretend you’re not only head of the country’s tax authority, but also a state secretary in charge of tax issues. What do you do when the people of the town you were mayor of for... 

Hungary’s Mol to set up solar parks

November 7, 2017, 11:29 am
Hungarian oil and gas group Mol plans to set up photovoltaic power stations on three of its facilities, with a combined production capacity of 18 megawatts, the group’s managing director told a Portfolio... 

Hungary Mol to raise price of gasoline again

November 6, 2017, 1:22 pm
Hungarian fuels group Mol is to raise the wholesale list price of 95-octane gasoline by 3 forints per litre on Wednesday, while it will keep the price of diesel unchanged. The hike will take the average... 

Hungary's Mol misses opportunity to shine in Q3

November 3, 2017, 12:21 pm
Hungarian oil and gas Mol has published its figures for the third quarter, revealing that despite a favorable external environment, overall results fell behind both expectations and the base period. As... 
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